Buterin voices his disagreement with the way El Salvador is embracing Bitcoin, while a company in Switzerland is inviting citizens to request a referendum to include the cryptocurrency in the country's constitution. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
Bitcoin and Blockchain Adoption
📍Vitalik Buterin said that adopting Bitcoin without knowledge can be dangerous. Ethereum co-founder and developer, Vitalik Buterin, spoke for the first time about Bitcoin adoption in El Salvador, expressing his disagreement. Buterin, who took to Reddit to discuss the issue, he pointed that Bitcoin and cryptocurrencies were born to give freedom back to their users, so he does not think it is right that companies in El Salvador should accept bitcoins as a form of payment imposed by law.
The co-founder of Ethereum He also said there was a lot of risk in El Salvador’s idea of bringing bitcoin to millions of people “with almost no attempt at prior education.” “It’s reckless,” Buterin said, noting that this could lead to thousands of people being scammed and hacked. The vision of Buterin, considered one of the most influential people in the technological world in 2021, contrasts with that of other industry leaders, such as Michael Saylor, CEO of MicroStrategy and Jack Dorsey, CEO of Twitter and Square, among others.
NFT and DeFi Markets
📍Front Row, the world's first politics-focused NFT marketplace. Parker Butterworth, co-founder of Front Row, said that the goal of this NFT marketplace is to tokenize the most important moments in politics to help Democratic organizations in fundraising.
The Texas Democratic Party is one of the first to join this initiative, which will allow it to raise funds to finance its campaigns through the NFT. While this is a promising initiative for the progressive movement in the United States, the market has not yet said how it will manage the sale of NFTs to comply with current regulations regarding the financing of political campaigns. Butterworth assured that the new NFT market for politics responds to the trend of these digital assets in the world.
📍FTX launches its NFT marketplace for Solana projects. The cryptocurrency platform already enabled NFT withdrawals and deposits for Solana blockchain-based projects, which can now be traded on its NFT marketplace via cryptocurrency and US dollars. FTX reported that users can mint, sell, buy and trade Solana NFTs on FTX, with Ethereum-based projects coming soon.
FTX has enabled popular projects like “Degenerate Ape Academy,” which has held individual sales of its NFTs worth over $1 million.
Rules and Regulations
📍Cryptocurrency company in Switzerland promotes initiative to legalize Bitcoin. 2B4CH, a non-profit company specializing in cryptocurrencies in Switzerland, shared on Twitter an initiative that seeks to push for the legalization of Bitcoin in the country. Specifically, 2B4CH wants the world's leading cryptocurrency to be included in the Swiss Federal Constitution to make it a legal asset before the Swiss Central Bank.
According to the post, 100.000 signatures are needed to advocate for a referendum and put the legalization of Bitcoin in the country to a popular vote. 2B4CH acknowledges that the inclusion of Bitcoin in the Swiss Constitution may not be feasible in the near future, but calling for the referendum will open the doors to debate and further education about what this technological innovation represents.
📍Anthony Pompliano's YouTube channel has been shut down. Bitcoin investor and enthusiast Anthony Pompliano reported via Twitter that his YouTube channel, with more than 254.000 followers, was closed by the platform after publishing a video where he talked about a hyper-bullish scenario for the most important cryptocurrency worldwide, Bitcoin.
At the time of writing, the channel had already been reinstated. Pompliano thanked the crypto community for the support he received on Twitter that helped him recover his channel. He also took the opportunity to express his rejection of censorship and to criticize YouTube, which closed and reinstated his channel without giving any explanation for these actions.
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